US arms exports up 13% over 2017 as Trump champions deals

US arms exports up 13% over 2017 as Trump champions deals

U.S.  President Trump holds post-midterm elections news conference at the White House in Washington
U.S. President Donald Trump addresses a news conference following Tuesday's midterm congressional elections at the White House in Washington, U.S., November 7, 2018. REUTERS/Kevin Lamarque

WASHINGTON: U.S. arms sales to foreign governments rose 13 per cent to US$192.3 billion in the year ending Sep 30, the State Department said on Thursday (Nov 8), a result of looser restrictions on sales coupled with high-level efforts to close deals.

President Donald Trump wants to make the United States, already dominant in the global weapons trade, an even bigger arms merchant to the world, U.S. officials have said, despite concerns among human rights and arms control advocates.

The largest U.S. arms contractors, who sell ships, tanks, airplanes, missiles and other goods to foreign militaries, include Boeing Co, Lockheed Martin Corp, Raytheon Co, General Dynamics Corp and Northrop Grumman Corp.

The increase came in part because the Trump administration rolled out a new "Buy American" plan in April that relaxed restrictions on sales while encouraging U.S. officials to take a bigger role in increasing business overseas for the U.S. weapons industry.

There are two major ways foreign governments purchase arms from U.S. companies: direct commercial sales, negotiated between a government and a company; and foreign military sales, in which a foreign government works with the Pentagon on a potential deal. Both require approval by the U.S. government.

Commercial sales of U.S. military equipment to foreign governments rose 6.6 per cent from US$128.1 billion to US$136.6 billion in the fiscal year, the State Department said.

In October, the government said U.S. foreign military sales rose 33 per cent to US$55.6 billion in the fiscal year.

Combined, the total is a 13 per cent year-on-year increase in weapons exports.

Source: Reuters